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    LONDON -- Pressure is mounting on the Bank of England to plump for a full percentage point cut in interest rates as reports Wednesday showed Britain's manufacturing and services sectors are mired in recession. Markets have priced in a cut of around ...
  2. (AFX UK Focus) 2008-11-03 15:29 UPDATE 3-Hartford Financial soars, says capital sufficient (Interactive Investor)
    NEW YORK, Nov 3 (Reuters) - Hartford Financial Services Group Inc said on Monday its property and casualty insurance units will remain well capitalized, causing its beaten-down shares to soar. The assurance overshadowed a projection by the company that its year-end capital margin may fall short of its prior forecast. The shares rose $2.40, or 23.3 percent, to $12.72 in morning trading on the New ...
  3. Asia stocks sink as layoffs add to global gloom (Lexington Herald-Leader)
    Asian stock markets sank Tuesday after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. Tokyo's Nikkei 225 stock average fell 194.17 points, or 2.3 percent to 8,328.41, a day after confirmation Japan, the world's second largest economy, had slipped into a recession. Hong Kong's Hang Seng Index was 2.9 percent ...


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